As summer comes to its unofficial close this weekend, The Real Deal took a look at construction projects for condo projects from Palm Beach Gardens to Miami’s Brickell area.
Among the highlights: the anticipated deliveries of Porshe Design Tower and Biscayne Beach, and groundbreakings for Hyde Beach House and Azure. Check out photos below:
Porsche Design Tower | Developer: Dezer Development
Porsche Design Tower plans to get its TCO in October, a spokesperson for Dezer Development told TRD.
The star of the 641-foot, 60-story tower is the Dezervator, a patented automobile elevator lift system. The elevator will hoist cars and residents up to any one of Porsche Design’s condos.
The majority of units at Porsche Design have sold, with most of the buyers from Argentina, Mexico, Brazil and the United States. Check out construction photos from June here. It’s located at 18555 Collins Avenue.
Hyde Beach House | Developer: the Related Group, sbe
The Related Group and sbe plan to break ground on Hyde Beach House on Tuesday.
The project, which is 70 percent presold, is being developed by Related, 13th Floor Investments and Key International. Sales launched last year for Hyde Beach House, which will have 77 condos, and 265 hotel rooms at 4000 South Ocean Drive in Hollywood. Prices range from $430,000 to $1 million.
The hotel will be managed by hospitality company sbe, which has also partnered with Related to build the Hyde Hotel and Residences in Midtown Miami, along with the SLS and SLS Lux Hotel and Residences in Brickell.
Sage Beach | PMG
Sage Beach is open. The 24-unit project is 85 percent sold, according to a spokesperson for PMG. It has its TCO and began recording closings in June.
PMG is also planning to complete roadway improvements along Iris Terrace soon. Sage Beach is located at 2101 South Surf Road in Hollywood and was designed by Carlos Ott.
Azure | Frankel Development
Frankel Development broke ground on the last building at Azure, a 14-acre project in Palm Beach Gardens.
The 101-unit development will be completed in 2014, and the first tower will be ready for move-in in October.
The second building is 60 percent under contract, according to a press release. In all, Azure will feature resort-style swimming pools, a cafe, practice golf green and a 6,000-square-foot health spa and gym. It’s located at 2700 Donald Ross Road.
Echo Brickell | Developer: PMG
Floors are being poured every five days, a spokesperson said. Shell construction of the 180-unit tower is being framed. In May, the pool deck was poured. PMG is also building a model unit for the project, which is about 53 percent completed.
PMG is developing Echo Brickell along with JDS Development. Architect Carlos Ott collaborated with YOO Studio Design on the project at 1451 Brickell Avenue.
Biscayne Beach | Developer: Two Roads Development and GTIS Partners
Biscayne Beach is almost there. After topping off in May, Plaza Construction plans to complete the project by the end of this year.
The 391-unit, 52-story condo tower is 99 percent sold with three units available for sale.
Two Roads Development and GTIS Partners are developing Biscayne Beach, at 2900 Northeast Seventh Avenue.
Oceana Bal Harbour | Developer: Consultatio
Most of the interior and exterior finishes are completed at Oceana Bal Harbour, a 28-story, 240-unit luxury condominium that topped off in February.
Consultatio is developing the Arquitectonica-designed project, set to start recording closings in November. It’s now 75 percent sold to buyers from New York, Mexico and Brazil. Prices range from $3 million to $30 million. The development is located at 102001 Collins Avenue in Bal Harbour.
Muse Sunny Isles | Developer: PMG, S2 Development
Muse is in the process of forming the upper levels of the garage and the building’s eastern units. Windows and sliding glass doors were installed and the units’ interiors are being framed. The stucco for balconies will soon be underway, a spokesperson said.
Property Markets Group and S2 Development are developing the 50-story tower, which is slated for completion in 2018. The joint venture partners closed on a $134 million construction loan for the 68-unit building in August 2015 from Canyon Partners Real Estate, a Los Angeles-based investment management firm and adviser.
Muse, at 17141 Collins Avenue, is just north of Jade Ocean and Jade Beach. It’s 70 percent sold.
Brickell Flatiron | Developer: Ugo Colombo’s CMC Group
One of Miami’s tallest towers is being primed for vertical construction.
Ugo Colombo’s CMC Group broke ground on Brickell Flatiron in March, and has completed piling installation. Crews are starting excavation work for the project at 1001 South Miami Avenue.
The 64-story tower is slated for delivery in 2019. About 55 percent of its 549 units are under contract, according to the developer. The majority of buyers are from the United States (Miami and the Northeast), and countries that include Venezuela, Mexico, Argentina, China and Italy.
In August, retail and restaurant space at the building sold for $22.5 million.
Privé at Island Estates | Developer: Gary Cohen and BH3
BH3 and Gary Cohen topped off the north tower of Privé at Island Estates this summer with the south tower set to top off in October.
The 160-unit, 16-story project will feature a 10,000-square-foot gym and spa in each tower, private dining, a poolside cafe, wine and cigar rooms, tennis courts, swimming pools, a marina and private pier, a nature trail, beach and jogging path.
The Aventura development, with prices ranging from $2.1 million to $11.4 million, has battled with nearby homeowners in the past. It’s located at 5000 Island Estates Drive.
Aria on the Bay | Developer: Melo Group
Aria on the Bay is on track to top off in April of next year, and be completed by the end of 2017. Construction crews hit the 20th floor, a spokesperson told TRD.
The 648-unit, 53-story waterfront tower is being developed by the Melo Group at 1770 North Bayshore Drive in Miami’s Edgewater neighborhood. It’s now more than 75 percent sold with units under contract.
Ritz-Carlton Residences, Miami Beach | Developer: Lionheart Capital
Construction crews are working on the amenity levels of the Ritz-Carlton Residences, Miami Beach.
Lionheart Capital aims to deliver the waterfront project during the second quarter of 2017.
When completed, the 7-acre development, at 4701 North Meridian Avenue will have 111 condo residences and 15 single-family villas. It’s being built on the site of the former Miami Heart Institute.
300 Biscayne Rental Tower | Developer: PMG
Developers are pouring the foundation for the rental component of 300 Biscayne Boulevard in downtown Miami. Crews removed the trees from the property, rebar is being tied and the crane is being set up.
The New York-style apartment building, which was tentatively named Vice, will have 464 units and will be “jammed with amenities.”
Bijou Bay Harbor | Developer: Ability by Acierto
Bijou Bay Harbor, a 41-unit condo project in Bay Harbor Islands, plans to break ground later this year.
The development is now 60 percent presold, according to developer Ability by Acierto. Prices range from the mid-$600,000s to $2 million for penthouse units.
The nine-story building, at 1170 93rd Street, is being designed by Luis Revuelta and Charles H. Benson with interiors by Adriana Hoyos. Buyers so far hail from the Latin America, the Caribbean, Europe and the U.S.
– Post By Katherine Kallergis, The Real Deal